Inflation Acct

Contoh Hitungan Inflation Acct:

1.Billy Co began business in 2002 when general price index was 80 and plant assets was acquired at that time .Sales ,purchases,and operating expenses occur throughout the year.Here is the balance sheet in USD.

20042005

Moneter Asset370,000350,000

Moneter Liabilities680,000690,000

Non Moneter Asset290,000370,000

Non Moneter Liablities100,000150,000

Other data for 2005:

Sales330,000

Beginning Inventory (Fifo bases)90,000

Purchase of Merchandise210,000

Ending Inventory(Fifo base)120,000

Depreciation Expenses30,000

Othe operating expenses and Tax90,000

Deviden paid at the end of 200560,000

General Price Index information :

Beginning of operations82

Beginning of 2005122

Average index during 2005124

End of 2005126

Required:

1.Calculate Billy Co Purchasing Power Gain/Loss for 2005

2.Calculate Billy Co Income Statement on a Constant Dollar Basis

Jawaban:

Jawaban Soal (Constant Dollar)
1.Purchasing Power Gain(Loss)
Nominal	Ratio	Constant
Net Monetary Position Jan 1, 2005	-(310.000)	126/122	-320164
Increas in Net Monetary Asset from sales	330000	126/124	335322,6
Decreas in net monetary Asset
From Purchase of Merchandise	210000	126/124	213387,1
From the operating Expenses & Tax	90000	126/124	91451,61
From Deviden	60000	126/126	60000
Total Decrease	360000	364838,7
Net Monetary Position Dec, 31,2005	-340.000	-349680
-340000
Purchasing Power Gain(Loss)	9680
2.Income Statement Constant Dollar:
Nominal	Ratio	Constant
Sales	330000	126/124	335322,6
COGS(See below)	180000	186338
Gross Profit	150000	148984,6
Selling & Administrative Expense:
Depreciation Expense	30000	126/82	46097,56
Other Operating Expenses & Tax	90000	126/124	91451,61
120000	137549,2
Net Income	30000	11435,41
Purchasing Power Gain(Loss)	9680
Net Income Adjusted Purch.Power Gain(Loss)	21115,41
3.COGS Calculation:
Beginning Inventory	90000	126/122	92950,82
Purchases	210000	126/124	213387,1
Available for sale	300000	306337,9
Ending Inventory	120000	126/126	120000
COGS	180000	186337,9